How is your institution planning to report amounts paid for qualified tuition and related expenses in Box 1 of the 2018 Form 1098-T (furnished to students and the IRS in early 2019)? Complying with IRS Form 1098-T reporting requirements has long been a controversial and difficult process for many institutions. Congress changed a number of requirements related to the Form in recent years— and we anticipate even more when the IRS completes a rulemaking process that is currently underway. Many questions and issues that arose last year and in response to draft rules remain unanswered.
In November of 2017, NACUBO and campus experts helped to explain changes and current obligations, as well as offered best practices in both meeting compliance requirements and serving students and families.
- NACUBO IRS Form 1098-T Resources
- NACUBO Advisory Report 2014-1: Collecting Taxpayer Identification Numbers for Form 1098-T (October 1, 2014)
- NACUBO Advisory Report 2013-2: Recommendations for Completing Form 1098-T (November 8, 2013)
- NACUBO: 1098-T: Box 1 Will Be Required for Tax Year 2018 Reporting (August 10, 2017)
- Make Your Voice Heard: Tax Reform Hits Higher Education Hard (Air date: November 9)
Webcast Form 1098-T